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Business Plan Poland - first steps into the Polish market Holstebro, September 30 th 2014

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Page 1: Business Plan Poland - Danmark i Polen/media/Polen/Documents/Other/4 Danske Bank... · •Where do you want to be in 3-5 years? Think twice in relation to: •Location •Cultural

Business Plan Poland - first steps into the Polish market

Holstebro, September 30th

2014

Page 3: Business Plan Poland - Danmark i Polen/media/Polen/Documents/Other/4 Danske Bank... · •Where do you want to be in 3-5 years? Think twice in relation to: •Location •Cultural

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Facts Ambition Plan

Preparation of a business plan

Page 4: Business Plan Poland - Danmark i Polen/media/Polen/Documents/Other/4 Danske Bank... · •Where do you want to be in 3-5 years? Think twice in relation to: •Location •Cultural

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Costs People

Out-sourcing Sales

Main reasons to establish business in Poland

Page 5: Business Plan Poland - Danmark i Polen/media/Polen/Documents/Other/4 Danske Bank... · •Where do you want to be in 3-5 years? Think twice in relation to: •Location •Cultural

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Facts Ambition Plan

Page 6: Business Plan Poland - Danmark i Polen/media/Polen/Documents/Other/4 Danske Bank... · •Where do you want to be in 3-5 years? Think twice in relation to: •Location •Cultural

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Fantastic business plans…….

………..face brutal reality?

Page 7: Business Plan Poland - Danmark i Polen/media/Polen/Documents/Other/4 Danske Bank... · •Where do you want to be in 3-5 years? Think twice in relation to: •Location •Cultural

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location cultural differences

local management

Typical reasons for failure

Page 8: Business Plan Poland - Danmark i Polen/media/Polen/Documents/Other/4 Danske Bank... · •Where do you want to be in 3-5 years? Think twice in relation to: •Location •Cultural

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location cultural

differences

local management

Choosing right location is very important!

Page 9: Business Plan Poland - Danmark i Polen/media/Polen/Documents/Other/4 Danske Bank... · •Where do you want to be in 3-5 years? Think twice in relation to: •Location •Cultural

9 Source: Geert Hofstede

Significant cultural differences PL vs DK

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power distance uncertainty avoidance masculinity vs femininity

Denmark

Poland

location cultural

differences

local management

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Importance of the Polish management location cultural

differences

local management

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Facts Ambition Plan

Summarising...

•Start in Denmark •Know your company •Know your market

•Where do you want to be in 3-5 years?

Think twice in relation to: •Location •Cultural difference •Local manager

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Questions ?